GST Return Filing - File GSTR-3B

GST return – All you need to know about the GST returns in India

By Garima Sahi

( 3.41K Views) September 20, 2017

GST registration was implemented on 1^st July 2017 and since that day onwards nearly 1 crore businesses registered themselves under the tax. All the businesses that are registered under the tax have to comply with the regulations as well.

However, the compliance under GST to be followed can get a little tricky and monotonous. We are discussing GST return in this article as it plays a significant role in the complete GST procedure and compliance.

To make it easy and interesting for all the readers to understand we have made points below that are straightforward and comfortable for everyone to read.

GST Return - What and who has to file

GST return is simply a document with the details of sale and purchases done by a registered person in a month. In this details of tax collected and paid is important to mention as it has to be calculated by the tax authorities to calculate the liabilities.

There are commonly three returns are to be filed by each person:

GSTR 1
GSTR 2
GSTR 3

Each return is commenced by uploading the invoices information on the GST portal. Further, invoices under GST return are not just important but mandatory. We will be discussing GST invoice software below but before that let us understand completely about GST returns.

Who has to file GST return?

Under GST, it is mandatory to file a return every month. Failing to file for return will result in fines and penalties. Every business, firm, company or proprietor registered under the tax has to file three GST returns every month.

Forms and Rules

Now that we have understood what GST return is let us further widen our knowledge by understanding about different forms under GST.

In GST return filing, there are various forms provided by the portal. Let us take one by one the forms important for filing:

Return Form	Particulars	Last date of filing return
GSTR – 1	Details of outward supplies (Sales return)	10^th of the following month
GSTR – 2	Details of inward return (Purchase return)	15^th of the following month
GSTR – 3	Consolidated return of purchase & Sales	20^th of the following month
GSTR – 3B	Simple GSTR return for July to December 2017	20^th of the following month
GSTR – 4	Return by composition dealer	18^th of the following month
GSTR – 5	Return for non – resident foreign taxable person	20^th of the following month
GSTR – 6	Return for Input service distributor	13^th of the following month
GSTR – 7	Return for taxpayers deducting TDS	10^th of the following month
GSTR – 8	Details of supplies effected through ecommerce	10^th of the following month
GSTR – 9	Annual return	31^st December of the next financial year.
GSTR – 10	Final Return	Within 3 months of the date of cancellation.
GSTR – 11	Details of inward supplies by UIN	28^th of the following month

GST return procedure

The return procedure involves a lot of technical knowledge about the subject. We will be discussing it in the simplest format. Going step by step and taking one thing at a time.

The system is made is such a way that the returns have to be filled manually. The GST return filing procedure is as follows -

Firstly you have to visit the official website of GST which is – www.gst.gov.in this website is not just for returns but for every query related to GST.
After going on the website you will see ‘login’ on the right top corner of the page. Click on that.
You will be redirected to the login page. It will require you to provide the username and password.
By providing your details you will be able to log into the portal. Once you have opened your profile click on ‘return dashboard’
You will be taken to the page where you have to select the month you are filing for in the ‘return filing period’ drop down
Once you select the month you will be redirected to the page where you will have to provide details of your GST return

GST return filing due dates for GSTR 3B

The dates for return filing have been changed time and again. Initially, people were unaware of the procedure for filing and then afterward the website went down as it stopped working. Hence the dates have been extended.

The latest update of extension as per the latest notification is –

Partculars	Last date of filing the GSTR 3B
For the month of August 2017	20^th September, 2017
For the month of September 2017	20^th October, 2017
For the month of October 2017	20^th November, 2017
For the month of November 2017	20^th December, 2017

It is advised to fill the GST return on time as to avoid consequences of late filing.

GST Return acknowledgment

Before submitting your return you will receive an OTP on your registered email ID or phone number. Once you have provided the OTP open the portal your application will be submitted.

GST return and invoicing software

For every sale, the registered person has to provide invoice or bill stating the details of the recipient and the amount of product. It is mandatory to issue a tax invoice for retailer and supplier for every transaction. The Government has made certain provisions to be mandatorily present in the invoice. Like-

GST number of the seller
GST number of purchaser ( if registered)
Serial number of invoice
Date of invoice
Amount and quantity of goods
Tax calculated on goods

These were little obligatory information to be mentioned in the invoice. There are other rules as well that one has to comply with while making a tax invoice.
Hubco.in provides free GST return software for hassle-free billing.

Conclusion

We will be updating you every day regarding the goods and services tax. If you have any queries related to GST feel free to email us at info@hubco.in.